Financial Advisory Services

The vendor is required to provide financial advisory services include:
1. Implementation of long-term financial plan
•    Financial plan and rate study report on august 15, 2025. 
•    Adequately recover all costs to ensure financial sufficiency of the district's utilities, determine feasible capital financing plans for both utilities, develop long-term financial plans for both utilities, calculate cost of service-based rates for both utilities, and minimize customer impacts from rate adjustments. 
•    Like professional municipal consulting as to the achievement of the goals of the financial plan.
2. Long-term debt financing
•    Review and analysis of complex business plans and financial proposals including those for refunding opportunities;
•    Selling bonds or obtaining other debt financing by performing tasks such as:
o    Advising on the essential features of the bond or other financing structure;
o    Providing market analysis and information to determine the best method of sale or course of action for the district;
o    Assisting with or preparing requests for proposals as appropriate for other professional services needed to carry out the financing;
o    Participating in the preparation of offering or other documents needed for the financing;
o    Preparing or coordinating the preparation of material for such purposes as rating agency and credit enhancement review processes;
o    Coordinating the bidding for bonds in a competitive sale;
o    Negotiating bond terms in a negotiated sale;
o    Working with the finance team to facilitate an effective bond sale or other closing and delivery of proceeds;
o    Providing post-sale advice on proceeds investments;
•    Preparation and submittal of continuing disclosure reports annually, or as otherwise required by the district's current or future bond covenants, to the electronic municipal market access, a service of the MSRB.
3. General financial consulting
•    Providing other financial advisory services to the district as needed and serve as liaison with various stakeholders, including rating agencies. 
•    This may include participating in community engagement. 
•    Review the district's long-range financing needs, particularly with respect to its capital improvement program and develop alternative strategies for meeting those needs. 
•    Present alternative strategies for managing the district's current or future debt to achieve the best value for the customers.
•    Analyze and interpret complex business plans and financial proposals made to the district.
- Budget for fiscal year 2025-26 totals approximately $98m. 

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 16, 2025